Valin completes conversion of exchangeable bonds into Fortescue shares

Chicago, Feb. 10 – Valin Mining Investments (Singapore) Pte. Ltd. has fully exchanged its 0% coupon exchangeable fonds due 2021 into shares of Fortescue Metals Group Ltd., according to a notice.

Noteholders exercised their exchange rights for the final $11.4 million of notes between Jan. 25 and Feb. 6.

As of Feb. 6, none of the $354.8 million exchangeable notes remain outstanding and the notes will be delisted from the Singapore Exchange Securities Trading Ltd. on Feb. 13.

Valin Mining is a mining services company based in Singapore.

Fortescue Metals is a Perth, Australia-based iron ore company.

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